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20131028
20131105
Search Results 0 to 5 of about 6 (some duplicates have been removed)
morning. >> he was the embodiment of brazil's booming economy. he estimated his worth at $30 billion. his fortune would get bigger, much bigger. >> what do you think your net worth could become in the next years? >> $100 billion? >> you think so? >> yes. >> $100 billion? >> yes. >> where charlie was in 2010 he predicted he was going to be the richest man in the world. >> quite a view. >> when 60 minutes visited his palacious home in rio dejaneiro that same year he was just as brash about the future of his country. >> in the last 16 years, brazil put their act together. time for americans to wake up. >> now his investors are waking up to a nightmare. batista's business is collapsing and his fortune is gone. >> how do you lose $30 billion in a year? >> yeah. a few different ways. he borrowed a ton of money and he was overlever origined and when things started to go down his fortune went down and he had to pay back creditors. >> he uncovered the epic fall for the "new york times." >> he was the consummate salesman and it reminds you of a donald company. he put his name on
, this is brazil the hottest economy in the world next to china and batista is a symbol of it but it proves to be a lot of thin air. >> reporter: much of the oil turned out to be unrecoverable, too difficult or expensive to pull out of the ground. some fields had to be abandoned. then as batista ee cash was running out, the brazilian economy began to get cool. >> that's what his fortuned were tied to. >> reporter: only last year batista ranked eighth on bloomberg's index of world billionaires. he's now fallen off the list. what does he have left at this point? >> well thing he has a lot of debts left to creditors. stay tuned. but there doesn't look like there's going a happy ending to this story. >> when it filed for bankruptcy wednesday it listed $5 billion in debts. >> it's an amazing story. i went to brazil and some of my friends knew him. he invited us to visit with him. he has a mercedes in his living room. >> half a million dollars. >> and you walk outside and there's a cross. it's a spectacular view of brazil. he has fallen a very long distance. >> is it be
. in seaside heights the same boardwalk and heart of the shore town's economy took a pounding. >> this is our lives, how we feed our family, support ourselves. >> reporter: mike carbone had to completely rebuild the first and second floors of his restaurant after the storm. almost a year later, tragedy struck again. fast-moving flames destroyed nearly 70 businesses along the boardwalk in september. authorities blamed the fire on electrical wiring damaged by sandy. >> on the road to recovery and then this fire i think we took one step forward and about three steps backwards. >> reporter: in the days after the storm, new jersey governor chris christie promised a full recovery. >> we're going to work together to rebuild our state in a way that's going to make us even prouder than we are already about where we live. >> reporter: before or after photos show how far jersey has come, roads broken up by storm surge now patched up. neighborhoods reduced to rubble are in the midst of rebuilding. the reaction to christie's response has been mixed. a recent poll found that among th
looks at how it will affect families and the future of our economy. >>> no illusion mirrors are bringing light to a dark corner of norway. the town that's waking up to a new dawn. >>> neighbors say a hot sauce factory is bringing them nothing but pain. a look inside the home of sir siracha. >>> i'm accountable to you for fixing these problems. and i'm committed to earning your confidence back by fixing the site. >> right off the bat, secretary sebelius apologized. she brushed off calls for her to resign. >> they no longer deny the health care website was a mess. >> a new height for the dow. what's driving this? >> corporate america is in great shape. >> china's calling a car attack in tiananmen square an act of terrorism. >> the fact is they almost didn't make it out of st. louis. >> a marine veteran dies saving kids in a school shooting. his widow remembers his bravery. >> i knew exactly what he did. >> an american soldier reunited with the afghan translator who saved his life. >> did you ever think this was not going to happen? did you ever give up h
of our economy. >>> it's no illusion mirrors are bringing light to a dark corner of norway. we'll visit a town that's waking up to a new dawn. >>> and neighbors say a hot sauce factory is bringing them nothing but pain. only on "cbs this morning," an inside look at the home of sriracha. but first this morning's "eye opener" at 8:00. >>> secretary sebelius was asked to testify last week but she didn't have time and the questions have only piled up. >> a new high for the dow. what's driving it. >> oh, my goodness. it's corporate america in great shape. >> media reports that china's falling apart near tiananmen square. an act of terrorism. >> reporter: the cardinals have to win tonight or they'll go home. last night it wasn't clear if they'd make it out of st. louis. >>> a marine veteran dies saving his schoolchildren. >>> an american soldier reunites with an afghan soldier who saved his life. >> reporter: did you ever think this was not going to happen? did you ever give up hope? >> i had a brother here fighting for me. >> i hope it's tock be a red sox fan an
Search Results 0 to 5 of about 6 (some duplicates have been removed)